Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Microvast Holdings Inc (NASDAQ: MVST) was $2.18 for the day, up 9.55% from the previous closing price of $1.99. In other words, the price has increased by $9.55 from its previous closing price. On the day, 14.15 million shares were traded. MVST stock price reached its highest trading level at $2.28 during the session, while it also had its lowest trading level at $1.99.
Ratios:
Our analysis of MVST’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.83 and its Current Ratio is at 1.30. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.27.
On November 29, 2023, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $8.
On August 31, 2023, Janney started tracking the stock assigning a Buy rating and target price of $8.Janney initiated its Buy rating on August 31, 2023, with a $8 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 27 ’24 when Zheng Yanzhuan bought 522,872 shares for $0.75 per share.
Zheng Yanzhuan bought 670,000 shares of MVST for $502,500 on Nov 26 ’24. On Nov 19 ’24, another insider, Balladon Yeelong, who serves as the Director of the company, bought 42,398 shares for $0.57 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MVST now has a Market Capitalization of 702239040 and an Enterprise Value of 902126336. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 2.432 whereas that against EBITDA is -47.523.
Stock Price History:
Over the past 52 weeks, MVST has reached a high of $2.87, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is 48.59%, while the 200-Day Moving Average is calculated to be 247.54%.
Shares Statistics:
MVST traded an average of 35.10M shares per day over the past three months and 16681270 shares per day over the past ten days. A total of 322.13M shares are outstanding, with a floating share count of 178.89M. Insiders hold about 44.46% of the company’s shares, while institutions hold 9.19% stake in the company. Shares short for MVST as of 1735603200 were 13938333 with a Short Ratio of 0.40, compared to 1732838400 on 13528505. Therefore, it implies a Short% of Shares Outstanding of 13938333 and a Short% of Float of 13.819999999999999.
